sad...sad...sad..you would think that these insiders would step up to the plate to just keep the company afloat. They are already loaded up with shares, but oh no they need more. Greedy, greedy and more greedy.

About had enough!

"On September 26, 2008, as consideration for extending the Letters of Credit as described above, the Company issued an aggregate of 10,375,000 common share purchase warrants (the “Warrants”), each of which will entitle the holder to purchase one share of the Company’s common stock (“Common Stock”) at $0.30 for a period of five years, to the LC Providers. Additionally, on September 29, 2008, the Company issued an aggregate of 4,150,000 shares of Common Stock to the LC Providers. Each LC provider has received two shares of Common Stock and five Warrants for each dollar of his, her or its Letter of Credit provided ("LC Provider Compensation"). Three directors who are not interested parties to the transactions described herein have discussd the terms of the LC Provider Compensation and agreed that the terms are fair, reasonable and in the best interest of the Company and its stockholders. The Board unanimously approved such issuances of the shares of Common Stock and the Warrants to the LC Providers.

If the amount of the Credit Facilities with RBC is increased as described in Item 1.01 and additional Letters of Credit are required, the Company would issue additional shares of Common Stock and Warrants upon the same terms and provisions described above with regard to such additional Letters of Credit. The Company would expect such issuance on or before October 31, 2008."